U.S. Unlikely to Change
Long-Term Borrowing

WASHINGTON -- The U.S. Treasury is likely to stick with its current level of long-term borrowing over the January-to-March quarter, even though official projections show the budget deficit hitting new heights.

Bond dealers expect the Treasury to announce a refunding package of about $58 billion this week, according to the median estimate of eight bond dealers surveyed by Dow Jones Newswires. This is only a little above the $57 billion in three-year, five-year and 10-year notes sold during November.